TVS Motor Company plans to spend an additional Rs 200 crore this year to increase its EV production capacity and introduce new products. TVS Motor Company will invest more than originally planned in electric vehicles to accelerate the launch of new products and increase production capacity. The Chennai-based company will make its only electric two-wheeler, […]
TVS Motor Company to Invest Rs 1,000 Crore in Electric Vehicles
MUMBAI: India’s third-largest two-wheeler maker, TVS Motor Company, has plans to invest Rs 1,000 crore to manufacture electric vehicles. Sudarshan Venu, the company’s joint Managing Director, said that the proposed EVs will fall under an independent vertical. Mr Venu, a TVS Group prodigy, paves the way for the next generation of leaders. As the company’s […]
TVS Motor to Invest Rs 1,000 Cr to Manufacture Electric Vehicles
The company is aiming to release a new portfolio of two-wheelers and three-wheelers in the range of 5-25kW within 24 months India’s largest two-wheeler maker TVS Motor has committed Rs 1,000 crore to manufacture electric vehicles under a separate vertical. The company has set up a dedicated factory for the manufacturing of these e-vehicles, which […]
TVS Motor Cuts Price of iQube Electric Scooter By Rs 11,250
The electric scooter is now priced at Rs 1,00,777 in Delhi from Rs 1,12,027 earlier. New Delhi: TVS Motor Company on Tuesday said it has reduced the price of iQube Electric scooter by Rs 11,250 in line with revision in subsidy under the FAME II Scheme. The electric scooter is now priced at Rs 1,00,777 […]
TVS Motor steps on the investment pedal for electric vehicles
Company plans to sell its only electric two-wheeler, iQube, in more than 20 new cities. A substantial portion of the Rs 600-crore capex lined up for the year will be routed to EVs and emerging technologies, says CEO. Priced at Rs 1,20,000 in Bengaluru, the iQube clocks monthly sales of 250-300 units in the city. […]
Honda says adoption of electric vehicles a big challenge in India, industry needs time
In a statement, the company said the government needs to look at the impact on employment, cost of technology and availability of raw materials, among others. A day after Bajaj Auto and TVS Motor criticised government think tank Niti Aayog’s proposal to ban non-electric two- and three-wheelers, Honda Motorcycle & Scooter India said adoption of […]